FYBR - Frontier announces a $1.05 billion fiber securitization offering

2023-07-20 04:25:03 ET

• A limited-purpose, bankruptcy remote, indirect subsidiary of the Frontier Communications Parent ( NASDAQ: FYBR ) intends to offer approximately $1.05 billion of secured fiber network revenue term notes, with the potential to upsize, subject to market conditions and other factors.
• Frontier plans to use net proceeds to address indebtedness and invest in the company's growth, including fiber expansion and copper migration strategies. This includes potential capital expenditures and research and development.
• Learn why FYBR is at high risk of performing badly as per Seeking Alpha's Quant rating system .

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